AHDB reports upward trend for SPP in June
According to figures by the Agriculture and Horticulture Development Board (AHDB), the Standard Pig Price (SPP) has seen an upward trend over the last few weeks, though the gap between SPP and All Pig Price (APP) continues to widen.
The SPP is a survey which shows the average price, in pence per kg deadweight, paid by abattoirs for pigs in the previous week (Monday to Sunday). The APP sits alongside the SPP and is a survey which shows the average price, in pence per kg deadweight, paid to producers for clean pigs two weeks prior (Monday to Sunday).
The EU spec SPP rose in the week ending 11th June to 183.10p/kg, an increase of 2.53p on the week before. This follows a record increase for the SPP as it breached the 180p level for the first time in its history in the week ending 4th June, to average 180.57p/kg.
Despite the rises in price, SPP is still short of the latest estimated cost of production for May, at 240p/kg.
For the week ending 4th June, the EU spec APP rose 4.39p to 188.59p/kg. This has widened the gap between to two price series to 8.02p.
Estimated slaughter was up at 177,600 head, an increase of 15% on the week previous due to bank holidays. Carcase weights averaged 90.20kg/head, in line with weight recordings from the previous two weeks, and still well above last year.